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When are you going to take the fake warning sign off the intro?
Who cares?
UNRG was never halted. And no scam ever took place there. It's a legitimate R/M with an oil company that's still in progress. That's what Disanti does, takes companies public. You are making up things and presenting them as fact.
I could be wrong, but I don't think GRNF has any reportable revenue yet. All the subsidiaries to be are still private business and not subject to reporting. Not sure how the GRNF admin expenses play out. I don't know how the official shell status affects what they have to report. I suppose those could be on it.
I'll take $2.00. But I'm pretty sure it'll go much higher than that.
And a 48M float is still pretty low. Make it 100M, I don't care. It doesn't mean anything in the long run. We just won't have the wild swings any more, which is desirable. If people are accumulating, SP still goes up.
It's still officially a shell. Does anyone expect to see a "good financial report" when they file? Of course not. We already know what it says. It'll look exactly like the last one and the one before that.
Now if they file the super 8k in the next week, then we can talk about the quarterly.
I had 33,000 shares but messed up selling some and buying back with the wash sales and ended up with 10,000 at .48. That's where I'm at now at UNRG.
Well, I risked $5000 on UNRG and it's now worth $450. I don't want to see the same thing happen here.
Based on what? JC has followed through on every statement so far. Still waiting on the 8k, but there is little doubt it will come shortly. Impatience does not equal inaction.
This is the exact same thing people were saying about UNRG before the owner was revealed. I'm a little hesitant to believe that this shell was bought for Disanti's own company. There's some great DD the last few days about Disanti's activities, but it's coincidental and inconclusive regarding this shell. I still think the new owner is a totally unrelated party. I hope I'm wrong, but I'm very weary of falling for the same hype again.
And? The market will buy those shares if it happens (which I highly doubt they'll do that much at once, but whatever.) OS remains the same. Market cap remains the same. It'll drop some, but it'll recover quickly. Gives me a chance to get more cheapies. People need to focus on the big picture and not these shorty scare tactics. We're still looking at a likely 500M to 1B+ valuation (maybe much more?) once the 8k hits, regardless of the float. Which is a very nice gain from here.
I'll give it until next year. I've got enough losses on the books this year. lol.
You still have to do the audits for the transfer and the 8k.
It's called an Asset Transfer Agreement. Plenty of articles explaining how to merge assets into a holding company.
He won't issue shares or pay cash for the assets he already owns. He just has to transfer ownership from GRN funds to GRN Holding. No other transaction necessary other than his signature.
I never want to see people sell. But we have to accept that all those shares will be unrestricted and sold over an extended period of time. That's the deal he made (my guess). That is NOT JC profiting from anything as some allege, just getting rid of baggage from the old shell. It'd be nice if JC agreed to buy them off market, but it's not my money. Still, it's not the same as issuing millions of new shares. Not dilution, just decreasing volatility.
Looking at the long term, it's not a big deal. I imagine in the coming years there will be significant actual dilution from new acquisitions and investments. Why else would GRN go public? That's fine also, as long as those companies make us money and increase value. Just don't pretend to be shocked when it happens. Daytraders won't like it, but I'm not in this to pay bills next month.
Should see FINRA name and symbol change next month. What symbol you think? I like RIGX. Maybe RWRX.
There's been zero dilution. There's been zero pumping. Where are the articles or comments making false claims? And don't tell me he lied about the LOI. It's been what 2 weeks? JC has followed through on everything he said he was going to do so far. Sorry, but impatience does not equal inaction. There's been minor dumping by legacy shareholders, but who cares? They have no influence on the company. They can't issue more shares for themselves. They are not executives. The primary shareholder hasn't sold any shares at all, and that's all that matters.
Don't get too excited. Many people were disappointed when his last one turned out to be completely different from the speculation. We'll find out soon enough who it is.
Of course, if anyone wants to go ahead and slap the ask tomorrow just in case, I won't stop you. :)
Is 700k shares traded dumping? Just curious.
Sweet. Nevada name change in effect. RIGWORX, INC.
GRN Funds is irrelevant to this ticker. The investment fund is obviously staying private. Most of those managed assets and deposits they used to have on their website are being spun off to GRN Holding Corp. We'll see exactly how much it's worth soon, assuming some of you can be patient enough to wait for the filings. Which is highly doubtful.
From the looks of it now that GRNFunds website is back up and the recent PRs, I think GRNF will cease being a shell by the end of the year.
Reinstatement with Nevada SOS should come about a week after custodianship if Disanti follows a simliar path to unrg and articles of merger about 3 weeks. So we should know the buyer soon. I don't know why people would sell before then unless they're just hitting stop losses.
You don't think they have a scheduled release of those restricted shares over time? Wouldn't that be something they negotiated when they sold the shell?
There's no reason they shouldn't be able to sell them, a little at a time. Those guys don't work for the company any more. Those shares are already calculated in the O/S and market cap, so what's the harm? Increasing the float should help reduce volatility, which is ultimately desirable.
To sum up, it's not a big deal. Unrestricting shares doesn't affect the stock price (panic selling is not the same as dilution), they were easily absorbed by the market, and it doesn't affect JC's majority position. It's another red herring talking point.
I suppose anything is possible. But that seems like a stretch to me. We'll find out very soon regardless. I think it'll be surprise who it is. His last one certainly was. lol
Yes, I understand he's CEO. Which makes it even less likely this is the new NVGT. It's still not a cannabis company. And why would he make his company a client of Grassroots for the shell? It's unnecessary.
Disanti said his clients would be cannabis companies. That Holland place is not a cannabis company and never will be. They could be ancillary suppliers (unlikely, looking at their products. Or niche markets only), but they are not growers.
My feeling is this is not the new NVGT owner. That company is probably just one of his investment fund projects.
Lol, so your opinion is, wait for the docs like everyone else. Okayyyy.
All I see is a some guys who have figured out that a lot of custodianships are done in one Nevada court, and that one lawyer in particular specializes in this. It pays to watch those filings every day. If that means someone got wealthy for being diligent, then so what? What's it got to do with the rest of us?
GETTING IN EARLY AND MAKING MONEY IS NOT A CRIME. JEEZUS. Besides, whatever someone did with their buying and selling, that doesn't take away that fact the a reverse merger is imminent. This is still a legit money making ticker.
The only problem I have with these day traders is they tell you when they're in on a new thing, but don't tell you when they're out. Oh well. I suppose I can't count on other people to do all the work for me, can I?
Yes they did you liar.
Wrong and flat out lies.
Sam has never been involved in a scam. He took over a failing company after the Chairman, the actual scammer, resigned (fired) from the company the day it was suspended by the SEC. What did Sam do exactly that was fraudulent? Anything? I'm really curious. The company never was successful, but that is a far cry from SCAM.
His new company, RIGWORX, is legit. You have no idea what they own or not. Disanti said "People jump to conclusions. I've done the due diligence and he is as legit as it gets. You will be surprised what assets he has."
Disanti took him as a client. He has seen the books. Have you? Or do you make wild claims with no knowledge of anything just for fun?
Chicken Butt.
Hey, guess what?
The good news is NVGT has far less outstanding shares than most MJ stocks. Wouldn't take much at all to get significant value on this ticker.
Of course, no legitimate company ever talks about what their expectations are for the future. Never happens.
Nobody cares what an empty shell was doing before they got bought. Are you even serious right now?
1.15 Billion in assets, if we are to take GRN Funds claim at face value, per their website (before undergoing update).
Not sure if all of the GRN Funds assets are transferring to GRNF (probably not), but a substantial part of it will. I think it's safe to say hundreds of millions worth is coming in. More than a billion may be wishful thinking, but we can't count it out yet. Hopefully the filings will be in before the end of the year and all this guessing will put to rest.
Exactly right. And that's why the sp is $.70 and not $10.00. You do realize this is a new company and still in the formative stages? Ever hear of getting in early?
This is really simple. Wait for the filings if you're not convinced.
Just waiting to see what's coming in. Already have a lot of shares.
Wrong. Tell me which of the 20+ cannabis companies that have done a R/M in the past year have also done a R/S.